Helsinki, Finland 30 June 2014 -- (GLOBE NEWSWIRE) -- Stora Enso is postponing the reorganisation of its Renewable Packaging Division that was announced on 21 March 2014 and was originally intended to be implemented as of 1 July 2014. Following Jouko Karvinen’s decision to leave his position as CEO and today’s announcement of the appointment of Karl-Henrik Sundström as the new CEO, it has been decided to postpone the reorganisation until the CEO transition has been completed. Until the reorganisation is implemented, the Renewable Packaging Division businesses will continue to report to the CEO.

Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.

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